Chart of the Day: US military dollars vs the world
Budget cuts and troop reductions are on tap for the U.S. military—if Congress give its approval. But the U.S. will still spend billions of dollars on its armed forces in the years to come, even with the proposed cutbacks.
The U.S. spent more than $600 billion on its military in 2012, according to the latest figures available from the Office of Management and Budget. Here's a look at where the money went.
The $682 billion spent by the U.S. in 2012 was more than the combined military spending of China, Russia, the United Kingdom, Japan, France, Saudi Arabia, India, Germany, Italy and Brazil—which spent a total of $652 billion, according to the SIPRI Military Expenditure Database.